Fed Slashes Economic Outlook, Raises Inflation And Unemployment Rate Projection

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Wed, 11/02/2011 - 14:12 | 1837727 slaughterer
slaughterer's picture

Preparing the groundwork for QEn.

Wed, 11/02/2011 - 14:13 | 1837737 centerline
centerline's picture

They have to make sure the politicians fingerprints are on the lever though.

Wed, 11/02/2011 - 14:14 | 1837743 Hard1
Hard1's picture

These guys are so optimistic! they keep forgetting the minus sign in front of the 2012 GDP estimate

Wed, 11/02/2011 - 14:40 | 1837941 rcintc
rcintc's picture

Not to worry, inflation is only Transitory.

Wed, 11/02/2011 - 14:41 | 1837948 derek_vineyard
derek_vineyard's picture

Bernanke always has cotton mouth.

Wed, 11/02/2011 - 15:02 | 1838074 nope-1004
nope-1004's picture

They print this shit in the hopes the market will follow their map.  None of this is even remotely accurate, especially during times of economic uncertainty.

Any and all of these printed pieces of Fed SHIT aren't worth 1/100 oz of silver.

Pure garbage.  The Fed is playing "follow me" with issuing these projections.  Complete mind numbing manipulation and coercion of the sheeple.

We all know inflation is higher than 2%.  LIAR Ben.

 

Wed, 11/02/2011 - 15:26 | 1838184 LongBalls
LongBalls's picture

You are exact. They print creating inflation, then let the CME bash commodities, then print creating inflation, then let the rumors and data that support deflation run-a-muck to knock down commodities, then print......etc.

Again, as it has been stated here numerous times; welcome to stagflation.

Wed, 11/02/2011 - 15:53 | 1838328 trav7777
trav7777's picture

notice how the numbers get better into the future

I guess they are already announcing an increased lying program going forward which will bend the truth even further.

The numbers which aren't total bullshit now will be.  You won't know anyone who has a job, but the headline UE will be 6%

Wed, 11/02/2011 - 17:03 | 1838643 Messianic
Messianic's picture

I've always wondered what the reported unemployment % would be if everyone - every single person in the country - quit their jobs.  Like 30%?

Wed, 11/02/2011 - 20:08 | 1839273 blunderdog
blunderdog's picture

It wouldn't change, because everyone who quit would just be marked down as "retired" or "left the workforce."

Wed, 11/02/2011 - 20:57 | 1839439 Messianic
Messianic's picture

Lol, true...

 

"No one is actually working, but the unemployment rate is 25%."

 

Morons.

Wed, 11/02/2011 - 14:15 | 1837753 DoChenRollingBearing
DoChenRollingBearing's picture

@ slaughterer

Yes.  And we better get used to constantly revised numbers for the foreseeable future.  It's all lies anyway.

The answer is gold.

Wed, 11/02/2011 - 14:12 | 1837729 dbach
dbach's picture

Stagflation bitchez!

Wed, 11/02/2011 - 14:14 | 1837744 devo
devo's picture

Precisely.

Wed, 11/02/2011 - 14:28 | 1837859 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

can only go on so long...

Wed, 11/02/2011 - 14:31 | 1837878 s2man
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Things that can’t go on forever, don’t - but they can sure take a long time about it

Wed, 11/02/2011 - 14:40 | 1837940 derek_vineyard
derek_vineyard's picture

Has any government agency ever under estimated the statistics that support their agenda?

Wed, 11/02/2011 - 14:13 | 1837730 Cassandra Syndrome
Cassandra Syndrome's picture
  •  FED OFFICIALS SEE 2012 ANGRY TORCH MOBS OUTSIDE .....
Wed, 11/02/2011 - 14:32 | 1837886 ArkansasAngie
ArkansasAngie's picture

I've got my pitchfork ready
It's plastic but hay ... It comes from china

Wed, 11/02/2011 - 15:07 | 1838103 MachoMan
MachoMan's picture

hay is for horses

Wed, 11/02/2011 - 14:45 | 1837898 Quinvarius
Quinvarius's picture

But Fed models forecast 2012 mobs only .3% larger than current torch bearing mobs.  Well under the projected rise in unemployment, and therefore an improvement

Also, these mobs will count as floor traffic at the malls they are burning down during Christmas season--Bullish.

Wed, 11/02/2011 - 14:12 | 1837731 Hearst
Hearst's picture

Fed slashes own wrists goes long blood.

Wed, 11/02/2011 - 14:12 | 1837733 NOTW777
NOTW777's picture

again - how can they get away with the happy recovery talk

Wed, 11/02/2011 - 14:27 | 1837836 john39
john39's picture

if you repeat a lie often enough...

Wed, 11/02/2011 - 14:13 | 1837734 No One
No One's picture

Less Employed = More EPS = BULLISH!!! Dow 36,000!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

Why are we green today?

Wed, 11/02/2011 - 14:16 | 1837758 bnbdnb
bnbdnb's picture

We are always green, unless someone says something negative.

Wed, 11/02/2011 - 14:32 | 1837880 Flakmeister
Flakmeister's picture

Why are we green today?

Maybe you got drunk and passed out at a body painting salon? Maybe you channeled Kermit the Frog? Fucked if I know..

Wed, 11/02/2011 - 15:13 | 1838132 Manthong
Manthong's picture

Because algos juiced by the PPT are generally biased positive..

Until they are not.

Wed, 11/02/2011 - 14:12 | 1837736 Aunty Christ
Aunty Christ's picture

I'll take the opposite side of these crack induced projections

Wed, 11/02/2011 - 14:13 | 1837738 pendragon
pendragon's picture

stocks initial reaction was rally!

Wed, 11/02/2011 - 14:19 | 1837771 cosmictrainwreck
cosmictrainwreck's picture

I'm seeing NOTHING....what did I miss?

Wed, 11/02/2011 - 14:29 | 1837863 Carlyle Groupie
Carlyle Groupie's picture

I'm seeing consolidation in a tight range. Should have broken out. Algo's have been turned off?

Bullish unless Greek rumor comes true.

Wed, 11/02/2011 - 14:55 | 1838033 Mike2756
Mike2756's picture

yep, ramp is on.

Wed, 11/02/2011 - 14:13 | 1837739 Cdad
Cdad's picture

And by some magic, the EUR/USD prints 1.38 in a flash.  Ummm...what the hell was that?

Wed, 11/02/2011 - 14:15 | 1837752 qussl3
qussl3's picture

Fx over the ST is BS, the leverage is there to hang yourself with.

The brokers must be making like bandits these couple of months.

Wed, 11/02/2011 - 14:16 | 1837756 Johnny Yuma
Johnny Yuma's picture

It was the Bots. Whenever the word Fed appears in a news release, they overwhelm the shorts and clear the book...

Wed, 11/02/2011 - 14:31 | 1837875 Cdad
Cdad's picture

Oh...okay.  Crime wave on then.  Carry on.

Wed, 11/02/2011 - 14:13 | 1837740 qussl3
qussl3's picture

If only brent and crude were 20 bucks lower.

Better not start that shooting war in Iran so soon i suppose.

Like the Israelis are gonna cooperate.

Wed, 11/02/2011 - 15:07 | 1838098 Flakmeister
Flakmeister's picture

Umm... WTI *is* 20 bucks lower....

Wed, 11/02/2011 - 14:13 | 1837741 monopoly
monopoly's picture

So it is not all better. I just do not understand. This is so confusing. Geesh.

Wed, 11/02/2011 - 14:14 | 1837745 digitlman
digitlman's picture

I see the Fed Full of Shit - 100%

Wed, 11/02/2011 - 14:15 | 1837747 lolmao500
lolmao500's picture
  • FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%

Right. To be revised down in the middle of 2012 right?

Wed, 11/02/2011 - 14:15 | 1837748 SemperFord
SemperFord's picture

Unemployement has been doing up for 4 years and they keep projecting it will go down year after year while anybody who works, manufactures, knows that people are spending less WTF! I need a drink...maybe two!

Wed, 11/02/2011 - 14:23 | 1837809 Uber Vandal
Uber Vandal's picture

Of course unemployment will decrease.

Once your unemployment compensation runs out, you are no longer unemployed.

Much like inflation is roughly 2% (LOL), but peanut butter increased 40%.

http://www.cfnews13.com/article/news/2011/november/336991/Smaller-crop-s...

 

 

 

Wed, 11/02/2011 - 14:35 | 1837909 Eally Ucked
Eally Ucked's picture

Don't forget retiring boomers.

Wed, 11/02/2011 - 15:59 | 1838361 NotApplicable
NotApplicable's picture

I'm currently arbitraging peanut butter by going long peanuts from our snack machine (which have yet to go up).

Wed, 11/02/2011 - 17:13 | 1838680 Zymurguy
Zymurguy's picture

That and everytime it becomes an issue the re-formulate the calculation used to present the number... funny how that re-formulation always shows unemployment as less bad than with the earlier formulation.... hmmmmmmm.

Wed, 11/02/2011 - 14:15 | 1837750 Raynja
Raynja's picture

Its almost 3 pm, do you know where your market really is?

Wed, 11/02/2011 - 14:15 | 1837751 Smiddywesson
Smiddywesson's picture
  • FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
  • FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
  • FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%
  • Absolutely hilarious!  Thank God the same Fed that said jobs were improving in the past, and was wrong, thinks they will improve in the future!  Not buying it.

    Wed, 11/02/2011 - 14:16 | 1837755 Deadpool
    Deadpool's picture

    FED OFFICIALS SEE NO REFLECTIONS WHEN THEY LOOK IN THE MIRROR

    Do NOT follow this link or you will be banned from the site!